The most important things Wares said:
Inflation remains high
The decision comes at a time when the U.S. economy appears to be strengthening
The key indicators improved over the past few months
The Federal Reserve is seeking price stability
The inflation reading suggests there has been no improvement, citing the latest CPI reading above 3.6%
Unemployment rates remain low, while available jobs and working hours are increasing
The Federal Reserve is prepared to deal with high inflation
Inflation is high, and it will remain so for a very long time
We must trust that inflation is moving toward the 2% target, and the committee decided that inflation has not yet reached that level
Inflation remains high
The decision comes at a time when the U.S. economy appears to be strengthening
The key indicators improved over the past few months
The Federal Reserve is seeking price stability
The inflation reading suggests there has been no improvement, citing the latest CPI reading above 3.6%
Unemployment rates remain low, while available jobs and working hours are increasing
The Federal Reserve is prepared to deal with high inflation
Inflation is high, and it will remain so for a very long time
We must trust that inflation is moving toward the 2% target, and the committee decided that inflation has not yet reached that level